Gold prices drop Rs1,900 per tola

KARACHI: Gold prices fell by Rs1,900 per tola on Thursday in the local market following a decline in international rates.According to the All Pakistan Sarafa Gems and Jewellers Association, gold prices dropped to Rs347,500 per tola.

Similarly, the price of 10-gram gold decreased by Rs1,629, bringing it down to Rs297,925.In the international market, gold rates fell by $19, settling at $3,291 per ounce. Local gold prices are typically adjusted with a premium of $20 over international rates.Silver prices decreased by Rs38 to Rs3,428 per tola. The price of 10-gram silver also dropped by Rs33 to Rs2,938.